Ann: Trading Halt, page-37

Keep in mind $14m of this is interest payment and $6m is for development costs. I dare say this is for the rework to the plant along with the $10m or so last quarter. Given the nature of the EPC contract, don't think for a minute AJM wont be looking to get this money back from the constructor. This will be a nice future cash injection if/when reimbursed.

Once these are put to bed, if we are selling 12,000t a month there is $36m coming in for the quarter based on current production. This production will obviously improve also. If we work on 36,000t production for the month (current state) and the estimate of $24m production costs then you can see our cost per tonne is also certainly expected to reduce.

All ticking along nicely and happy to see a few million added onto the market cap to provide a cash buffer while we ramp up. Market will like this being put to bed.